With tariffs, India’s growth rate needs a careful watch Premium
The Hindu
While the U.S.’s tariff measures could reduce the trade gap between America and India, it is important to understand its implications on India’s growth and external account
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Neither the economists at the Finance Ministry, nor the economists at the Reserve Bank of India seem to be unduly perturbed by a steeply depreciating Rupee, as the domestic rate of inflation is well below the tolerable range of 2 to 6%, GDP is growing at a healthy rate of around 8% in the first two quarters of this financial year and agriculture, manufacturing and services are performing according to expectations.
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